Himadri Speciality Chemical Ltd reported a consolidated net profit of ₹228 crore for the quarter ended June 30, 2026, a 27% increase from ₹179 crore in the corresponding period last year. Revenue from operations rose 28% to ₹1,432 crore, driven by improved product mix towards higher-value segments and strong performance in carbon materials. The company reaffirmed its profit target of ₹1,100 crore for FY28, citing robust execution in its new energy materials pipeline and disciplined capital allocation funded entirely by free cash flow.

Q1 FY27 Financial Performance

The company achieved record quarterly revenue, EBITDA, and Profit After Tax (PAT). EBITDA stood at ₹313 crore with a margin of 22%, up from ₹235 crore and 21% margin in Q1 FY26. Standalone revenue grew 16% to ₹1,274 crore, with standalone PAT rising 22% to ₹223 crore. Basic earnings per share increased to ₹4.55 from ₹3.68 year-on-year.

New Energy Materials Expansion

Management highlighted significant progress in its transition to advanced materials. The company successfully developed indigenous Carbon Nanotube (CNT) technology, with a 200 MTPA facility planned for commissioning in Q4FY27 at a capex of ₹70 crore. Additionally, Himadri is entering the Super Speciality Carbon Black (SSCB) segment by converting 6,000 MTPA of existing capacity with a ₹170 crore investment, targeting high-purity applications for lithium-ion batteries and engineered plastics.

In the battery materials space, the 2,000 MTPA Lithium Iron Phosphate (LFP) cathode active material demo plant is expected to be operational in Q3FY27. This is Phase 1 of a broader plan to scale capacity to 40,000 MTPA by FY28, with a long-term vision of 200,000 MTPA. The company also commissioned its 200 MTPA anode material facility in April 2026, leveraging in-house developed special engineered pitch for backward integration.

Strategic Investments and Birla Tyres

Himadri strengthened its ecosystem investments, noting that strategic partner Sicona Battery Technologies secured AUD45 million for silicon-carbon anode technology commercialization. The company also increased its stake in International Battery Company (IBC), validating its materials through IBC’s prismatic cell technology.

Birla Tyres continues its turnaround, having commenced commercial operations on May 29, 2025. The business is progressively converting Truck and Bus Bias capacity to Off-the-Road tyres and aims to reach EBITDA breakeven in FY27. A Passenger Car Radial facility is targeted for commissioning by FY28 to enter the EV and SUV segments.

Capital Allocation and Outlook

Total capital expenditure is guided at ₹2,000 crore, split evenly between FY27 and FY28, fully funded by internal accruals. Key investments include ₹1,125 crore for LFP expansion and ₹368 crore for other specialty projects. Management emphasized that the shift to higher-value products will drive earnings growth faster than revenue growth, maintaining balance sheet discipline without incremental debt.

Himadri Speciality Chemical has witnessed multiple significant block trades on the National Stock Exchange (NSE), collectively amounting to over ₹71 crore. The transactions involved large volumes of shares executed at prices ranging from ₹737.20 to ₹784.25, pointing to substantial interest in the stock at the institutional level.

NSE Block Trade Details

The block trades recorded for Himadri Speciality Chemical on the NSE are detailed below:

Key Highlights

• The first block trade was executed for approximately 214,641 shares at ₹740.40 per share, aggregating to ₹15.89 crore.
• The second block trade involved approximately 474,690 shares transacted at ₹737.20 per share, totalling ₹34.99 crore.
• A third block trade was recorded for approximately 264,997 shares at ₹784.25 per share, amounting to ₹20.78 crore.
• All three trades were recorded on the NSE.

Block trades of this scale are typically associated with institutional investors or large market participants executing bulk orders outside the regular market mechanism. The three transactions in Himadri Speciality Chemical collectively represent a considerable movement of shares, underscoring active participation in the counter.